Hey everyone! 🤔 Let’s dive into an interesting topic regarding the Additional Medicare Tax in the U.S. Did you know that the threshold for this tax is lower for couples filing separately compared to those filing as single? It ...
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#SideIncomeInvesting #PassiveIncomeStreams #FinancialGrowth Considering Your Options Are you feeling unsure about what to do with your impressive 60k pre-tax side income? It’s a great position to be in, and congratulations on the success of your ...
#StockSelling #StateTaxes #Non-ResidentTax Understanding State Taxes on Stock Sales for Non-Residents For the last several years, I’ve lived in Washington with a job. In February, I quit, and in April, ...
#SportsBettingTax Understanding Taxes on Sports Betting Withdrawals and Deposits Do I Have to Pay Taxes on Sports Betting Winnings? When it comes to taxes on sports betting, the general rule of thumb is that you are required to pay taxes on any ...
#PensionPlan #LumpSumPayout #TaxConsiderations Understanding Your Options If your previous employer is terminating your pension plan and offering you a lump sum payout, you may find yourself wondering what to do next. Here are some key ...
#Vanguard #RothIRA #WithdrawalWarning #TaxPenalty #EarlyDistribution ##### Understanding Vanguard’s Warning for Roth IRA Withdrawal If you have a Vanguard Roth IRA and are considering a withdrawal, you may have come ...
#1099Work #TaxPlanning #IndividualTradingAccount Understanding Tax Planning for 1099 Work As a freelancer or independent contractor, it’s essential to plan for taxes since you don’t have an employer withholding taxes from your paycheck. Setting aside 30-35% ...
#FilingTaxes #TaxHelp #TaxAdvice Understanding the Consequences If you have not filed your taxes for the past 3 years, it’s important to understand the potential consequences. Failing to file taxes can result in penalties, interest, and ...
#Do I have to pay capital gains if I sell my rental property? Are you wondering if you’ll have to pay capital gains tax if you decide to sell your rental property, even though you live in ...
TaxWarrant #TaxFirm #NationwideTaxConsulting Understanding Tax Warrants and Notices If you’ve recently received a notice in the mail about a tax warrant from your state, you may be feeling overwhelmed and confused. It’s important to understand ...
#W4TaxWithholding #PartTimeJobs #TaxSeason Understanding W-4 Tax Withholding with 2 Jobs If you find yourself in a situation where you have 2 part-time jobs and are confused about how to fill out your W-4 form for ...
TaxSeason #ClaimingDependents #BrotherAsDependent Can I Claim My Brother as a Dependent? If you are taking care of your younger brother and wondering if you can claim him as a dependent on your taxes, you’ve come ...
#Are online gambling winnings taxable? ###Understanding the Tax Implications of Online Gambling Winnings So you won big on an online bet, congratulations! Now comes the not-so-fun part – dealing with the tax implications. Here’s what you need ...
#ImmigrantTaxes #CPAHelp #TaxFiling Understanding the Complexity of Filing Taxes as Immigrants As immigrants residing in the USA for over two decades, my spouse and I have accumulated cash and assets in our home country that ...
#DonatingForTaxWriteOffs Understanding the Basics So you’ve heard about donating to charities as a way to reduce your tax burden. It’s a common practice among individuals and businesses alike. But if you’re like many people, you might be wondering if there’s more ...
#Taxation #HomeOwnership #Buyout Understanding the Tax Implications of Selling Your Share of a Home Joint Ownership Situation When it comes to joint ownership of a property, especially a home, the tax implications can sometimes be confusing. ...